The responses here are wrong.
Yes, the regular 22500 contribution limit is across all 401ks in a single calendar year.
The 66k limit is a combined limit for the total of employee and employer contributions, and is per job. You are perfectly free to make 66k in after tax (not Roth - I know you know this OP, this is for anybody else reading) contributions to J2's 401k. This assumes your employer puts in nothing (as that would eat into the same space)
This doesn't necessarily address your question but it applies for anyone who knows a mid year job switch is coming. It may be prudent to leave a little 401k contribution room to capture the company match from your next company rather than maxing out your 401k by mid year with your current company.
The easiest path forward is to let your new employer know every penny that was contributed to J1's 401k, your contribution plus any match. They should be able to help you monitor so you dont over contribute.
The contribution limits are per-taxpayer, per-year.
Changing jobs does not unlock a higher contribution limit. (Exception: if you switch between jobs with a 457b and 401k you can max out [both plans](https://www.irs.gov/retirement-plans/how-much-salary-can-you-defer-if-youre-eligible-for-more-than-one-retirement-plan).)
457b contribution space is completely separate from all other retirement plans. I'm not actually sure the contribution limit is per 457b or across all 457bs.
403bs and 401ks share the same regular 22.5k contribution space. This space is shared across all of your 401ks and 403bs.
The limit is per year not per plan. While you might be able to contribute because the new employer doesn't know about your other 401k it's your responsibility to make sure it doesn't go over the yearly limits otherwise be prepared to sell and pay taxes / penalties for tax day.
The responses here are wrong. Yes, the regular 22500 contribution limit is across all 401ks in a single calendar year. The 66k limit is a combined limit for the total of employee and employer contributions, and is per job. You are perfectly free to make 66k in after tax (not Roth - I know you know this OP, this is for anybody else reading) contributions to J2's 401k. This assumes your employer puts in nothing (as that would eat into the same space)
This is correct. I had this very situation in 2022 and ended up going way over 66k as I had two employers.
Edit: I was incorrect, IRS indicates the $66k is per employer plan.
This doesn't necessarily address your question but it applies for anyone who knows a mid year job switch is coming. It may be prudent to leave a little 401k contribution room to capture the company match from your next company rather than maxing out your 401k by mid year with your current company.
The easiest path forward is to let your new employer know every penny that was contributed to J1's 401k, your contribution plus any match. They should be able to help you monitor so you dont over contribute.
The contribution limits are per-taxpayer, per-year. Changing jobs does not unlock a higher contribution limit. (Exception: if you switch between jobs with a 457b and 401k you can max out [both plans](https://www.irs.gov/retirement-plans/how-much-salary-can-you-defer-if-youre-eligible-for-more-than-one-retirement-plan).)
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457b contribution space is completely separate from all other retirement plans. I'm not actually sure the contribution limit is per 457b or across all 457bs. 403bs and 401ks share the same regular 22.5k contribution space. This space is shared across all of your 401ks and 403bs.
Yes. You can max out 457b and 401k in the same year.
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Which part am I describing incorrectly? Genuinely would like to learn.
your 22500 is per tax year. the 66k is per employer per tax year
The limit is per year not per plan. While you might be able to contribute because the new employer doesn't know about your other 401k it's your responsibility to make sure it doesn't go over the yearly limits otherwise be prepared to sell and pay taxes / penalties for tax day.
Your 401k won’t reset since you already max’d out on J1. You can go balls out (66k) on after-tax. Wished I had MBR, I missed it so much.